<p>According to data from the Federal Reserve Bank of New York, the Secured Overnight Financing Rate (SOFR) on the last trading day (June 26) was reported at 4.40%, reaching a two-month high, up from 4.36% the previous day. The effective federal funds rate on the last trading day was reported at 4.33%, unchanged from the previous day</p>

<p>According to data from the Federal Reserve Bank of New York, the Secured Overnight Financing Rate (SOFR) reached 4.40% on June 26, setting a new high for the past two months, up from 4.36% the previous day. Meanwhile, the effective federal funds rate remained unchanged at 4.33%</p>

As the half-year end approaches, the U.S. SOFR rises to 4.40%, consistent with the Federal Reserve's reserve balance rate